Find the nominal interest rate that, when compounded monthly, yields an effective interest rate of 16% / year. Round your answer to two decimal places.
?
A. 14.93%
B. 14.85%
C. 15.12%
D. 15.41%
Answer: A
Mathematics
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A. ? B. {2, 12} C. {12} D. {2}
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A. (-?, 7]
B. (-?, 8]
C. [7, ?)
D. (-?, 7)
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